According to the new market research report eHealth Market is projected to reach USD 193.8 billion by 2025 from USD 69.5 billion in 2020, at a CAGR of 22.8% during the forecast period.
Factors
such as the increased adoption of eHealth solutions, rising elderly
population base, and the growing number of infectious diseases are
expected to drive the growth of the eHealth market.
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Players
in the global eHealth industry include Cerner (US), McKesson (US),
Philips Healthcare (Netherlands), GE Healthcare (US), and Allscripts
(US). Other leading players in this market include athenahealth (US),
Epic Systems (US), IBM (US), Optum (US), Siemens Healthineers (Germany),
Medtronic (Ireland), and Cisco Systems (US).. These players are
focusing on increasing their presence in high-growth markets through
both organic as well as inorganic growth strategies, including service
launches, expansions, collaborations, and partnerships.
GE
Healthcare (US) held significant poistion in the global eHealth market
in 2019. GE Healthcare is a leading provider of eHealth solutions. It
has a strong and robust product and service portfolio of EHR and EMR
solutions and services; PACS and VNA solutions; and health information
exchange solutions. The company concentrates on R&D activities. It
focuses on developing new and improved products and services. GE
Healthcare has launched 25 new products, services, and digital solutions
in the market. Such initiatives undertaken by the company provide it a
competitive edge over other players operating in the eHealth market and
help it maintain its foothold in the market.
Cerner (US) also
accounted for considerable market share in eHealth market in 2019.
Cerner has a robust eHealth solutions portfolio tailored for medium- and
large-sized healthcare enterprises to help them with advanced software
and services, designed specifically to cater to their requirements. The
key strength of the company is its wide geographic presence and
extensive distribution network across leading markets. Cerner has a
strong global presence. Approximately 88.0% of its revenue is generated
from North America. However, the company is focusing on expanding its
operations in non-US markets, along with entering new markets through
business expansions and the adoption of inorganic growth strategies.
Based on end user, the eHealth market has been segmented into
healthcare providers, healthcare payers, healthcare consumers,
pharmacies and other end-users of these, healthcare providers segment
accounted for the largest share of the eHealth solutions market in 2019.
Healthcare providers include hospitals, ASCs and home healthcare
agencies. High segmental market share can is attributable to the
increasing hospital and out-patient admissions.
Based on
eHealth solutions, EHR/EMR Solutions, Medical Apps, Picture Archiving
and Communication, Systems & Vendor Neutral Archive, Chronic Care
Management Apps, PHR & Patient Portals, Health Information Exchange
Solutions, Telehealth Solutions, Pharmacy Information Systems,
Laboratory Information Systems, Clinical Decision Support Systems,
E-Prescribing Solutions, Radiology Information Systems, Cardiovascular
Information Systems and Other Specialty Information Systems The market
for EHR/EMR segment is expected to grow significantly in the forthcoming
years.
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Geographically, the North American eHealth Market accounted for the
largest share of the eHealth solutions market in 2019 due to the
presence of a well-established base of eHealth companies, high
investments in the several healthcare IT, and increasing R&D
expenditure. The Asia Pacific market is expected to register the highest
growth during the forecast period due to increasing healthcare
expenditures and improving regulatory scenario.
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